Leonardo DRS Tapped to Provide Additional Advanced Laser Systems to Protect U.S. Military Aircraft from Missile Threats
Leonardo DRS, Inc. (DRS)
Company Research
Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received another full-rate production contract to supply its industry-leading Quantum Cascade Laser (QCL) technology to enable Common Infrared Countermeasure (CIRCM) systems for critical military aircraft protection. The award from Northrop Grumman continues the collaboration between the two companies on this QCL capability that provides advanced protection against current, evolving, and proliferating missile threats to U.S. military aircraft.CIRCM is a fifth-generation, laser-based infrared countermeasure system designed to track and defeat incoming missiles. At its core, the DRS QCL technology enables CIRCM to defeat incoming missiles with an unlimited number of rounds. Its reduced weight and increased power with a powerful laser system protect current and future U.S. Army rotary-wing aircraft. CIRCM recently reached a major milestone of Initial Operational Capability with U.S. Army air
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- Leonardo DRS, Inc. (NASDAQ: DRS) is now covered by analysts at BTIG Research. They set a "buy" rating and a $30.00 price target on the stock.MarketBeat
- Is the Options Market Predicting a Spike in Leonardo DRS (DRS) Stock? [Yahoo! Finance]Yahoo! Finance
- Leonardo DRS Tapped to Provide Additional Advanced Laser Systems to Protect U.S. Military Aircraft from Missile Threats [Yahoo! Finance]Yahoo! Finance
- Leonardo DRS, Inc. (NASDAQ: DRS) had its price target raised by analysts at Truist Financial Co. from $25.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- U.S. Navy Awards Leonardo DRS Radar Design Agent and Engineering Services for AN/SPQ-9B [Yahoo! Finance]Yahoo! Finance
DRS
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- 5/1/24 - Beat
DRS
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- DRS's page on the SEC website